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Nvidia just paid $20B for a company that missed its revenue target by 75%

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101–110 of 207 posts

Re: Nvidia just paid $20B for a company that missed its revenue target by 75%

#101
post #2

It's a shame. Groq was really great. Nvidia is stifling innovation here. I don't understand how market regulators allow this.

> It's a shame. Groq was really great. Nvidia is stifling innovation here. I don't share your view. Groq continues to exist. Nvidia did not take any or their hardware, so the same Groq you access on OpenRouter will exist tomorrow or one year from now. If anything, they'll significantly increase their presence, since they just got $20 billion in cash. As for Nvidia stifling innovation: one can argue that they do the o…

The people now working for Nvidia will keep innovating but now with monopolistic pricing.

The $20B will be paid out to investors. Maybe GroqCloud will keep $1B to keep the lights on for a few years.

Re: Nvidia just paid $20B for a company that missed its revenue target by 75%

#102

Why do you think? Not because of any output of the company, of course. But because buying it helps perpetuate the hype and money cycle of the 'AI' trend for awhile longer. It may not look like it directly, but a purchase like this keeps Nvidia's stock up in the future, which is all investors care about.

If this is true, is it just the HN community that understands this? Otherwise, wouldn’t it make sense that the market understands this already and doesn’t fall for the hype? It doesn’t pass the smell test for me that it’s that transparent of a play for hype. What am I missing?

AI is real and it's also hyped. There's circular financing and real money involved. Groq has good tech and smart people and Nvidia is also taking a competitor off the board. People who only see one side have a lack of imagination.

Re: Nvidia just paid $20B for a company that missed its revenue target by 75%

#105

Earlier quoted context omitted.

how exactly is different…? I give you Trump, you give me Biden. I give you Scott, you give me Pelosi. I give you Bush, you give me Clinton… it is not different but regardless of whether it is or isn’t no one is defending it. it is just a disservice to everyone to think somehow magically things are all this different now than before, same crap different toilet paper

It's different because it's all about that now. The Clintons had their scandals, the "pay to play" lists etc. We all know they are in bed with the moneymen. But it didn't define their administration, and they were pretty hush-hush about it. Trump on the other hand is completely open about this. He even brags about making money from deals, something that was previously considered a huge conflict of interest. He appoin…

I love the spirit of your comments but IMO it is misguided

The US used to have values. It was a country that was at least trying to be the good guy.

This really is all wrong. One might think this based on pitches from different times but all Empires are evil by their definition and America has always been that, always

Re: Nvidia just paid $20B for a company that missed its revenue target by 75%

#106

They understand the value of the tech

chips designed to run ResNET? I guess the haskell compiler they built is impressive (it made it so 8 racks of chips designed to run ResNET can run llama 70b with extremely low latency). Edit: my information might be old, I don't know if they successfully taped out their second gen chip or not. Can anyone corroborate?

We've all been waiting for info about the second gen chip. I assume Nvidia saw something privately (good or bad) that triggered this acquisition.

Re: Nvidia just paid $20B for a company that missed its revenue target by 75%

#107

Earlier quoted context omitted.

how exactly is different…? I give you Trump, you give me Biden. I give you Scott, you give me Pelosi. I give you Bush, you give me Clinton… it is not different but regardless of whether it is or isn’t no one is defending it. it is just a disservice to everyone to think somehow magically things are all this different now than before, same crap different toilet paper

It's different because it's all about that now. The Clintons had their scandals, the "pay to play" lists etc. We all know they are in bed with the moneymen. But it didn't define their administration, and they were pretty hush-hush about it. Trump on the other hand is completely open about this. He even brags about making money from deals, something that was previously considered a huge conflict of interest. He appoin…

just do a simple thing - ballpark how many lives of innocent people has America taken, lets just say since WWII. then lets see after you ballpark this whether you still think we are (or ever were) “good guys”

Re: Nvidia just paid $20B for a company that missed its revenue target by 75%

#108

Earlier quoted context omitted.

Yes, it is different. Pretending it is the same is just another way to defend the corrupt ones.

how exactly is different…? I give you Trump, you give me Biden. I give you Scott, you give me Pelosi. I give you Bush, you give me Clinton… it is not different but regardless of whether it is or isn’t no one is defending it. it is just a disservice to everyone to think somehow magically things are all this different now than before, same crap different toilet paper

Ok, give me biden. Where are his lists of corruption scandals[1]? His public statements about taking bribes?

I'm not quite sure how to explain this very obvious point: biden and his government was not corrupt in any meaningful sense and trump and his government is extremely corrupt and pretending that they're the same is both factually wrong and has the effect of protecting trump and his corruption.

The point isn't that anyone is above reproach, the point is that all you're doing is normalizing the increased awfulness of the republican corruption. And normalizing it means that it is more likely to continue happening and less likely to be punished.

If you're supposedly unhappy about clinton "corruption" why aren't you really mad about trump?

This whole "oh everything is the same nothing can improve" attitude is literally a favored tactic of the most corrupt governments. They want you to think that way because it means they'll never be held accountable. Any time people start talking about improving things they're met with an endless deluge of "oh it's all the same nothing can change" which is, of course, a self-fulfilling prophecy.

[1] The best the fairly obvious house republican "investigation" into joe biden could manage was some vague statements about his son getting paid for having the last name biden, which may or may not be illegal, but certainly seems unethical, but more importantly, ISN'T THE SITTING PRESIDENT OF THE UNITED STATES. Like, it is so incredibly obvious that words fail me that the president being corrupt matters A LOT MORE than his son being corrupt. Like, a lot a lot a lot more.

Re: Nvidia just paid $20B for a company that missed its revenue target by 75%

#109
Groq is not a publicly traded company and has no legal reporting requirements. Sure, their projected revenue numbers they gave to investors dropped from $2b in February to $500m in July, but a later funding round in September showed it wasn't significant to how insiders saw the company. Contrary to what this article would imply, their valuation more than doubled from $2.8b last year to $6.9b this year after Groq's latest round of investment in September (after their revenue adjustment). Considering they increased revenue from $90m to $500m and got a $1.5b commitment from Saudi Arabia, I really don't see this being 'hype'.

src: https://www.reuters.com/business/groq-more-than-doubles-valu...

Re: Nvidia just paid $20B for a company that missed its revenue target by 75%

#110
post #93

In three years China will be making far cheaper clones of Nvidia chips Current administration just handed it to them for a bribe https://www.bbc.com/news/articles/ckg9q635q6po They'll tear them down and x-ray/electron-microscope it and they've gotten exceeding great at cloning chips

Underrated comment. We are damaging our economy and giving advantages to our real competitors
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